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Elon Musk can stay solvent longer than you can stay rational?

• themodelplumber 4y ago
  Ah man. You got me thinking about all those funny mental models from trading. Never try to catch a falling Tesla... Oh, and don't chase climbing Teslas either! Oh, and you will never beat the S&P 500 by betting on an individual stock! [1] Oh, and always bet on value! The company should really DO something valuable to be valuable. Value wins every time, look at W.B. and trust in value. [2] 1. Over a time period of my choosing 2. As long as you let me tell you what's valuable
  • mnky9800n 4y ago
    The only thing that seems to work long term reasonably well is buying companies that pay dividends consistently. Then never selling. Haha. Ymmv.
• version_five 4y ago
  I know it's a joke but I'm not convinced he is still solvent. I'd guess he's diversified and isolated stuff so that he can't technically go bankrupt, but as I understand his wealth is based on his shares in his companies which he's devaluing even as he's pledges it as security for a company he's destroying.
  • deleted 4y ago
    [deleted]
• papito 4y ago
  We were talking on Reddit about how his behavior is much like a student who has a paper due and is just killing time on the web in order to "escape" the uncomfortable thoughts and the pressure. Musk is showing all signs of "checking out". He wants to retire and be a MAGA troll more than he wants to run his companies - except that he is still running his companies. I mean, he is destroying 10s of millions of dollars of his own wealth with every dumbass tweet - fine - but he has no consideration anymore for his fan individual investors, many of whom are wiped out.